IBT Staff Reporter

Nokia's wisdom in picking outsider Stephen Elop to return it to its former glory will be tested on Friday when the new chief executive reveals his plans to transform the world's biggest cellphone maker.

Ford Motor Co sued Ferrari for trademark infringement after the Italian sports care maker named its 2011 Formula 1 racing car the F150.

Deutsche Boerse and NYSE Euronext's plan to create the world's largest stock and futures exchange has sent competitors around the world scurrying to find partners, accelerating an industry shake-up.

Gold eased below $1,360 an ounce in Europe on Thursday as the rising dollar pressured prices, and with Asian buying still light after the Lunar New Year holidays.

Nokia's wisdom in picking outsider Stephen Elop to return it to its former glory will be tested on Friday when the new chief executive reveals his plans to transform the world's biggest cellphone maker.

Wall street was set to open lower on Thursday as disappointing earnings overshadowed stronger-than-expected data on weekly U.S. jobless benefits claims.

New U.S. claims for unemployment benefits dropped to a 2-1/2 year-year low last week, offering assurance that the labor market was strengthening despite January's poor jobs numbers.

Technology shares dragged U.S. stocks lower on Thursday as disappointing Cisco earnings overshadowed stronger-than-expected data on weekly unemployment benefits claims.

President Barack Obama will unveil his plans to expand high-speed wireless service to at least 98 percent of Americans within five years, while reducing the U.S. deficit by about $10 billion over the next decade.

The largest mobile Internet browser firm Opera Software ASA confirmed its entrance to the fast-growing tablet computer space and said it has reached a landmark 100 million cellphone users.

Researchers from the University of Cincinnati make 10 predictions about future technologies from the obvious to the bold.

Actress Lindsay Lohan pleaded not guilty Wednesday to stealing a $2,500 necklace from a jewelry store.

The Tokyo Stock Exchange is not discussing a merger with any other exchanges, the bourse's CEO said on Thursday, quashing any speculation the TSE will participate in the latest spate of global alliances among stock exchanges.

Sprint Nextel posted a 6 percent increase in quarterly revenue, and it added mobile subscribers for the first quarter in more than three years, sending its shares up nearly 4 percent in early trade.

Lindsay Lohan's latest shoplifting scandal has put the spotlight on celebrity shoplifters. But the question that boggles many is what drives the rich stars to steal.

Rio Tinto surprised investors by more than doubling its full-year dividend and promising to return $5 billion to shareholders over the next two years to soak up bumper cashflows after it reported a record second-half profit.

Amid music game sales increases, the company closes Guitar Hero developer Vicarious Visions.

NEW YORK, Feb 10 - Kenneth Feinberg, the formerly freewheeling administrator of BP Plc's fund to compensate victims of last year's oil spill, could be forced to revamp dramatically how he handles claims now that the fund has come under the jurisdiction of a federal judge in New Orleans.

Hackers working in China broke into the computer systems of five multinational oil and gas companies to steal bidding plans and other critical proprietary information, the computer security firm McAfee Inc said in a report.

Verizon starts selling the iPhone today, and sales are expected to be strong despite the Verizon version showing the same antenna problems as its AT&T predecessor.

British cell phone maker INQ Mobile Ltd. has rolled out two new Androids - INQ Cloud Touch and INQ Cloud Q - for social networking.

Even signs of the seat being lost do not deter enthusiasts

The home, which was once owned by Elvis and Priscilla Presley, has been listed on the market in Beverly Hills for lease at $25,000 a month.

Verizon Wireless began selling Apple's iPhone at long last, ending AT&T Inc's more than three-year stranglehold on the device in the United States.

U.S. stock index futures fell on Thursday on disappointing earnings from Cisco and Credit Suisse before weekly jobless claims data.

In the latest Deloitte Money League, which ranks football clubs in terms of revenue generated, the top six places remain unchanged with Spanish giants Real Madrid and Barcelona occupying the top two places.

They want a fanboy-like following

California-based entrepreneur Soquel, Calif., has created a new line of soda pot or marijuana soda and plans to roll out in February in Colorado.

U.S. stock index futures fell on Thursday as downbeat earnings from Cisco and Credit Suisse weighed ahead of data on the struggling jobs market.